MONTREAL — Broccolini Real Estate Group has entered into a partnership with RioCan Real Estate Investment Trust for the redevelopment of the RioCan Centre Kirkland and the surrounding area, given the upcoming arrival of the Réseau express métropolitain (REM) in the West Island and the future Kirkland REM station.
The project will consist of the complete revitalization of the site through the addition of new buildings that will provide commercial, office and residential uses, indicates a release.
Broccolini will be responsible for the design and construction of the project and will then take over the management of the office spaces and handle the marketing of the residential component and RioCan will be responsible for the property management of the retail/residential components.
Once complete, the joint project will include about 240,000 square feet of office space and 135,000 square feet of commercial space and the residential component will be added. The Kirkland REM station is slated to be operational by 2023-2024.
“This multi-phase project will be developed in close collaboration with the community and with the municipal authorities of the City of Kirkland,” said Roger Plamondon, president of the Broccolini Real Estate Group, in a statement. “Our goal is to facilitate access to the REM by increasing the residential offering in this area, which will be adjacent to the new Kirkland station. The best way to achieve this is to design a project that meets the needs of the community, both in terms of density and mix of uses.”